Report
Gareth James
EUR 101.80 For Business Accounts Only

Leading education provider Navitas will benefit from increased demand from international students.

Navitas shares have performed well in 2017, rising 27% in the past six months alone, but with little obvious reason. The company is performing in line with management guidance and the lack of negative news appears to be reassuring the market following contract losses in recent years. However, at the current market price of AUD 5.46, the shares are overvalued.
We expect Navitas to continue to benefit from growth in the global tertiary education market, but the company remains vulnerable to compet...
Underlying
Navitas Limited

Navitas provides educational services to domestic and overseas students. Co.'s segments are: University Partnerships, which delivers education programs, via pathway colleges and managed campuses, to students requiring a university education; SAE Institute, which delivers education programs in creative media including courses in audio, film and multimedia; and Professional and English Programs, which delivers English language tuition, jobs skills training and higher and vocational education in health, security and psychology, and is comprised of four business units: English and Foundation Skills, Careers and Learning Skills, Navitas Professional Institute, and Training and Development.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Gareth James

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